TAKEDA UK LIMITED
Company number: 03362860
Reporting period:
1 October 2023 to 31 March 2024
Report filed on:
18 July 2024
Approved by:
Peter Grubin
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 41%
- in 61 days or more: 29%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 25%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
recommended 60 days calculated from the date the invoice is scanned / delivered to Takeda
Were there any changes to the standard payment terms in the reporting period?
standard payment terms were changed from 90 days to 60 days for most vendors
Were suppliers notified or consulted about these changes before they were made?
No
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
A complaint or concern will be considered by the Solution Hub team via based in Lodz, Poland via tickets in Takeda Solution Portal or with support from Procurement Experience Agents. The team responds as quickly as possible and works with the purchase order owner or legal department depending on the nature of the complaint.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No